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Required information [ The following information applles to the questlons alsplayed below ] The TimpRiders LP has operated a motorcycie dealership for a number of
Required information
The following information applles to the questlons alsplayed below
The TimpRiders LP has operated a motorcycie dealership for a number of years. Amir is the limited partner, Francesca is the general partner, and they share capital and profits equally. Francesca works full time managing the partnership Both the partnership and the partners report on a calendaryear basis. At the start of the current year, Amir and francesca had bases of $ and $ respectively, and the partnership did not have any liabilies. During the current year, the partnership reported the following results from operations:
tableCost of goods sold,Operating expenses,Shortterm copitol
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